<<<Pog 990 with confirmation at 1016 and 1050ish lets it run to where ever it wants to go.
$Hui above 400 and I step out of the way with shorts on the miners.>>>
Hi opie... Thank you for your response.
I always appreciate your views on the sector I follow.
In my view, Bernanke's post FOMC meeting commitments absolutely assures that those numbers will be reached at some point in the foreseeable future.
Hopefully, you'll get the break you are lQQking for and one that I can use to fill out my portfolio.
My best to you....
In edit:
"Wednesday afternoon I saw what the Fed announced and saw the dramatic movement in treasuries and sell off in the dollar and immediately thought that I might very well have to re-think how fast that inflation shows up. My reaction was to buy a couple of small positions in gold miners and try to fade treasuries via shorting the TLT. I had been looking to get long gold shares and thought the setup was upon me but I wanted to wait one more day because several gold related charts I saw looked as if they had developed mini head and shoulder tops and I thought they would try to complete those patterns before failing (in a downside break) and that would set off a sharp move higher (accompanied by short covering by early top callers) in gold equities."